Financial analysis [prototype] FIAN
(new)
Conducting in-depth analysis of financial data to derive insights and support decision-making.
SFIA 9 is in development
- SFIA 9 beta due in early July 2024
- SFIA 9 planned for publication October 2024
This is a prototype for SFIA 9. It is subject to change before publication.
Disclaimer - prototypes/new skills may be substantially modified prior to launch or may never be released.
Guidance notes
(new)
Activities may include, but are not limited, to:
- preparing financial insights, dashboards, and visualisations to support decision-making
- developing and maintaining financial models for scenario planning and sensitivity analysis
- providing expert advice on financial analysis practices and techniques
- presenting findings to stakeholders
- defining the organisation's approach to financial analysis, aligning it with objectives
- implementing financial analysis policies, standards, and processes
- developing a culture of data-driven decision-making and continuous improvement
- providing strategic insights based on comprehensive financial analysis
- evaluating investments, projects, and services using financial analysis techniques
- applying financial analysis to cloud computing, such as consumption-based pricing and cost optimization
Understanding the responsibility levels of this skill
Where lower levels are not defined...
- Specific tasks and responsibilities are not defined because the skill requires a higher level of autonomy, influence, and complexity in decision-making than is typically expected at these levels. You can use the essence statements to understand the generic responsibilities associated with these levels.
Where higher levels are not defined...
- Responsibilities and accountabilities are not defined because these higher levels involve strategic leadership and broader organisational influence that goes beyond the scope of this specific skill. See the essence statements.
Developing skills and demonstrating responsibilities related to this skill
The defined levels show the incremental progression in skills and reponsibilities.
Where lower levels are not defined...
You can develop your knowledge and support others who do have responsibility in this area by:
- Learning key concepts and principles related to this skill and its impact on your role
- Performing related skills (see the related SFIA skills)
- Supporting others with tasks (generic examples are provided by the essence statements for each level)
Where higher levels are not defined...
- You can progress by developing related skills which are better suited to higher levels of organisational leadership.
Levels
Defined at these levels: | 2 | 3 | 4 | 5 | 6 |
Click to learn why SFIA skills are not defined at all 7 levels.
Show/hide extra descriptions and levels.
Level 1
Financial analysis [prototype]: Level 2
(new)
Assists in collecting and organising financial data and preparing basic reports under supervision.
Supports the financial analysis process by completing assigned tasks and seeking guidance when needed.
Financial analysis [prototype]: Level 3
(new)
Applies standard financial analysis techniques and processes to perform varied tasks in the financial analysis process, including data analysis and report preparation.
Communicates financial analysis findings to relevant stakeholders.
Financial analysis [prototype]: Level 4
(new)
Performs financial analysis for specific areas, using standard techniques and tools.
Prepares reports and provides insights to support decision-making. Conducts cost-benefit analyses and supports stakeholder collaboration in the cost management process.
Collaborates with stakeholders to understand requirements and deliver relevant analysis.
Supports the development and maintenance of financial models.
Financial analysis [prototype]: Level 5
(new)
Leads financial analysis activities for a department or function, applying advanced techniques and tools. Develops and maintains complex financial models.
Conducts scenario planning and sensitivity analysis to support decision-making. Provides expert advice and guidance on financial analysis best practices.
Presents findings and recommendations to senior stakeholders, linking financial performance to business outcomes. Collaborates with stakeholders to align analysis with organisational objectives.
Financial analysis [prototype]: Level 6
(new)
Defines and leads the organisation's approach to financial analysis, aligning it with strategic objectives and business value creation.
Develops and implements enterprise-wide financial analysis policies, standards, and processes. Drives a culture of data-driven decision-making and continuous improvement in financial management.
Provides strategic insights and recommendations based on comprehensive financial analysis, linking performance to business strategy.